01-19-2008, 02:56 AM
[center] <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo--><b><span style='font-size:21pt;line-height:100%'>Inflation surges by 18 per cent for poor class</span></b> <!--emo&:flush--><img src='style_emoticons/<#EMO_DIR#>/Flush.gif' border='0' style='vertical-align:middle' alt='Flush.gif' /><!--endemo-->[/center]
<!--QuoteBegin-->QUOTE<!--QuoteEBegin-->ISLAMABAD - The inflation for the lowest income group has shot up to 18 per cent during the current week as compared to the same period of the last year.
According to Federal Bureau of Statistics, Sensitive Price Indicator (SPI) for the income group of Rs 3,000 per month increased by 17.97 per cent on January 17, as compared to the same period of the last financial year. The SPI on weekly basis dipped by 1.06 per cent for the same group.
Whereas the SPI for the highest strata, having monthly income more than Rs 12,000, ballooned by 11.71 per cent on year-on-year basis and declined by 0.85 per cent on weekly basis.
For the second lowest income group (Rs 5,000 per month), the SPI on yearly basis soared by 17.49 per cent and the income group of Rs 12,000 per month witnessed an increase of 15.78 per cent in inflation.
Similarly, the combined SPI (average inflation for all income groups) also raised to 14.46 per cent during the period under review but dropped by 1.06 per cent on weekly basis. The cement prices also increased during this period. The bulletin showed a surge of 15.63 per cent in the cement prices on yearly basis but it also declined by 1.25 per cent on weekly basis.<!--QuoteEnd--><!--QuoteEEnd-->
Cheers <!--emo&:beer--><img src='style_emoticons/<#EMO_DIR#>/cheers.gif' border='0' style='vertical-align:middle' alt='cheers.gif' /><!--endemo-->